Consider the regression model y = Bo + B1x + B2x² + u A regression was run, and the following estimates have been found: BI = 0.095 = -0.161 Standard error of B1 = 0.749 Standard error of B2 = 0.291 You want to test the null hypothesis that the model is linear in x, against the alternative that the quadratic specification is appropriate. Which of the following is correct?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Consider the regression model
y = Bo + B1x + B2x² + u
A regression was run, and the following estimates have been found:
B1 = 0.095
B2 = -0.161
Standard error of B1 = 0.749
Standard error of B2 = 0.291
You want to test the null hypothesis that the model is linear in x, against the alternative that the quadratic specification is
appropriate.
Which of the following is correct?
a. You should use at test, and the test statistic is equal to -0.553.
O b. You should use at test, and the test statistic is equal to 0.127.
O c. None of the other answers are correct.
O d. You should use an F test, and the number of restrictions is equal to 2.
e. You should use an F test, and the number of restrictions is equal to 3.
Transcribed Image Text:Consider the regression model y = Bo + B1x + B2x² + u A regression was run, and the following estimates have been found: B1 = 0.095 B2 = -0.161 Standard error of B1 = 0.749 Standard error of B2 = 0.291 You want to test the null hypothesis that the model is linear in x, against the alternative that the quadratic specification is appropriate. Which of the following is correct? a. You should use at test, and the test statistic is equal to -0.553. O b. You should use at test, and the test statistic is equal to 0.127. O c. None of the other answers are correct. O d. You should use an F test, and the number of restrictions is equal to 2. e. You should use an F test, and the number of restrictions is equal to 3.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman